Seoul’s benchmark Kospi index opened higher on Tuesday, reversing a recent downward trend in the technology sector.
The rally was driven by a wave of bargain hunting as investors moved to buy into battered tech heavyweights, outweighing concerns over escalating tensions involving Iran.
The semiconductor sector, which has been under pressure, saw renewed buying interest as traders sought value in discounted names.
This shift in sentiment helped lift the broader market, with technology stocks leading the gains.
The move suggests that investors are beginning to price in the worst of the recent sell-off, focusing on long-term fundamentals rather than short-term volatility.
The Kospi’s recovery comes amid a backdrop of global uncertainty, with geopolitical risks continuing to weigh on investor sentiment.